The neighborhood is in the midst of a construction boom that has helped fuel an influx of new residents priced out from nearby Los Feliz and West Hollywood. The neighborhood is known for its many commercial and residential mid- and high-rise towers, historic buildings, Asian high-fashion boutiques, and the largest concentration of nightclubs and 24-hour businesses and restaurants in Southern California. It is also the location of the assassination of Robert F. Kennedy.
Economy
The Consulate-General of South Korea in Los Angeles is located at 3243 Wilshire Boulevard. The Consulate General of the People's Republic of China in Los Angeles is located at 443 Shatto Place, while the passport and visa office is on the third floor of 500 Shatto Place. The Consulate General of El Salvador is located at 3450 Wilshire Blvd. Suite 250 and the Consulate General of Guatemala is located at 3540 Wilshire Blvd. Suite 100 . The Consulate General of Honduras and Nicaragua are located at 3550 Wilshire Blvd. The Consulate General of Bolivia is located at 3701 Wilshire Blvd #1056 .
South Korean investment has been a large contributor to the neighborhood economy since the 1960s. Since the early 2000s, that investment has increased greatly, ballooning to an estimated $1 billion in new construction investment.
Since the adoption by the Los Angeles City Council of smart growth and the subsequent removal of zoning laws and tax fees, Japanese investment has notably increased as well as interest from the UAE firm Dubai Holding.
Shopping
Koreatown has several shopping centers that cater to Korean customers. There are many mini-malls and individual stores that sell ethnic products favored by the local residents.
Nightlife
The local scene in Koreatown is unique in Los Angeles, having the feel of a mini-Seoul. It is dotted with Korean language signs, often with no translation.The neighborhood has over 1,100 night-time establishments which includes numerous bars, clubs, restaurants, spas, noraebangs (karaoke studios), dancehalls, theaters, poolhalls, coffeehouses, Hookah Lounges and internet parlors.
Koreatown is the nearest to a 24-hour district in Los Angeles, and has the highest concentration of nightclubs and restaurants in Southern California.
Though it is against California state law, smoking is tolerated everywhere. Many businesses serve liquor after 2 a.m. LAPD cites alcohol violations in the form of after hours sales and sales to minors as a "big problem."
A smorgasbord of restaurants can be found in Koreatown from every food category and culture. From tofu houses, Korean BBQ, Mexican taco stands, bakeries, Greek gyros, pizza, Vietnamese Pho noodle houses, Thai, Salvadoran pupuserías, boba parlors, Chinese food to American hamburger stands, coffee houses and steakhouses, it is common to find several of these types of restaurants in a single Koreatown shopping plaza, minimall, or city block.

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